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probate and Aretha Franklin's heirs |
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Subject: probate and Aretha Franklin's heirs From: keberoxu Date: 10 Aug 19 - 12:57 PM Not a musical topic as such, I am tempted to put this thread in the non-music area. One of the things about leaving wealth for your adult children, when you do your estate planning, is that there are legal ways to settle the estate outside of probate court; I thought that that was what trust funds were about. Probate court in Aretha Franklin's Michigan home state is now the (extremely) public arena for Franklin's grown children to lawyer up and take sides, amongst other divisive areas, over no less than three possible last wills, one of which was handwritten and hidden in the house. Initial distributions of assets, as the Detroit Free Press states, has already begun, with cash distributions made to each of the four adult children. As of the latest reports, administration of Aretha Franklin's estate has now been placed, as per the judge, directly under court supervision. There has yet to be a decision as to which of the three wills to honor and validate. So this story is going to play out while a long and litigious court case is underway, and the family's dirty laundry will be aired along with the financial arrangements and relationships. I would like to hear more, for one thing, about the mind-set probably at work when Aretha Franklin was alive and commanding control of the money. Is it because she came from a family and a way of life in which there really was no wealth, no bankers, no attorneys, and no estate planning? Is that why she so famously carried her purse to the piano with her on stage? Administration of Aretha Franklin estate placed under court supervision what was in the purse |
Subject: RE: probate and Aretha Franklin's heirs From: Mossback Date: 10 Aug 19 - 01:28 PM And this is your business - or that of anyone other than the principals - WHY exactly? Is it because you're compelled to involve yourself in matters that in no way concern you? Or is it because you're simply nosey? |
Subject: RE: probate and Aretha Franklin's heirs From: punkfolkrocker Date: 10 Aug 19 - 01:58 PM Actually, it is of concern to music lovers when the recorded legacy of much loved recently deceased artists, becomes a battle ground between various greedy philistine family members and ruthless music corporation lawyers/accountants... Obviously I outline worst case and least desirable scenario... |
Subject: RE: probate and Aretha Franklin's heirs From: meself Date: 10 Aug 19 - 05:11 PM One thing I don't have to worry about is the possibility of my heirs fighting over my wealth .... |
Subject: RE: probate and Aretha Franklin's heirs From: keberoxu Date: 10 Aug 19 - 06:27 PM I am not, presently, at Aretha Franklin's age (when she died), but I am old enough, I would guess, to be one of her adult children; and I am a woman. Speaking for myself, certain issues personal to me are touched on in this story -- regardless of the fact that I have nothing comparable to Ms. Franklin's stupendous musical achievements (well, I thought they were, anyhow), nor her fame and celebrity, nor her self-made wealth. I don't even have a spouse or children, so help me. But I had parents, and my parents were elderly at death. One parent, at death, was intestate, leaving behind no will; in spite of which, an agent was appointed (no, not me) to distribute the very modest material things left behind. I could speak of the other parent, but it's too painful and I would rather be silent at the moment. But you know, could not an adult, earning their own way in the world and raising their own family, sit down with her or his superstar wealthy parent Aretha and say, "Mama, you ought to have a last will and testament and everything ought to be put in place before you go, and none of this handwritten will-and-testament stuffed under the sofa cushions"? Ms. Franklin was something of a child prodigy, she was still a legal minor when she first sang gospel with the voice of a grown woman, and had her singing published on a vinyl long-playing recording. She came up through the music business and paid some really tough dues, not the least of which was standing up to producer John Hammond who wanted to tell her what to sing, and how to sing it and for what type of audience. She had experience fighting to get what she had. For a lot of people she was something of a role model. Aretha Franklin was blessed not to have to bury one of her own children before she died (see Gladys Knight and Tina Turner amongst others). What prevented Ms. Franklin from investing at least some time and expense in planning ahead of time and drawing up legal instruments so as to avoid the spectacle of four grown children -- or their guardian, in the case of one adult son with serious health issues -- lawyering up in probate court? Could nobody see this coming? Those are some of the concerns I have. |
Subject: RE: probate and Aretha Franklin's heirs From: Mrrzy Date: 11 Aug 19 - 11:54 AM This is *interesting* whether my business or not. In Europe I believe you cannot disinherit a child. Here, you can. |
Subject: RE: probate and Aretha Franklin's heirs From: keberoxu Date: 13 Aug 19 - 06:50 PM About the wills themselves: Aretha Franklin's Handwritten Wills |
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